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Wall Street capped a shortened trading week with a mixed finish Thursday after some uneven economic data: news of a contraction in the nation's services sector and a tame reading on employment. But stocks still had their third dismal week in a row, with the major indexes again posting losses as worries about rising oil prices and the fallout from the credit crisis dogged the market. ...more
July 4, 2008
Oil companies once viewed drilling in the deep waters off Florida as cost prohibitive. Politicians feared even the slightest sign of support would be career suicide. ...more
July 4, 2008
As oil set a new record, top industry executives and a senior EU official Monday urged the world to pull together in the face of skyrocketing energy prices, while acknowledging that - even if it does - costly crude is here to stay for years. ...more
July 1, 2008
I've heard it called the "flood of the century" and the "once-in-a-lifetime flood." ...more
June 22, 2008
Listening to the back and forth this week about oil drilling and energy prices, you have to wonder whether there's anyone in Washington who understands what leadership is about. ...more
June 21, 2008
If it's a shock to pay $60, or even $100, to fill up your gas tank, you better get used to it. ...more
June 12, 2008
As energy prices soar and cause good jobs to leave our state and country for places where energy is affordable, Congress will soon consider whether to modify outdated and damaging prohibitions on domestic energy production. ...more
June 11, 2008
The Federal Reserve on Wednesday sharply lowered its projection for economic growth this year, citing blows from the housing and credit debacles along with zooming energy prices. ...more
May 22, 2008
The three biggest U.S. carriers said Thursday they have again raised ticket prices, this time by $20 roundtrip, to offset rapidly rising fuel costs. ...more
May 9, 2008
The Federal Reserve on Wednesday lowered its projection for economic growth this year, citing damage from the double blows of a housing slump and credit crunch. It said it also expects higher unemployment and inflation. ...more
February 21, 2008
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